Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) organized a training programme on “Risk Management in Islamic Financial Instruments” at the National Bank of Republic of Tajikistan on 11-12 July 2012 within the framework of OIC Central Banks Capacity Building Programme. The Course has been provided by Dr. Rifki Ismal, Researcher at Directorate of Islamic Banking from the Bank Indonesia, and was attended by relevant members of the National Bank of Republic of Tajikistan.

The training course on “Risk Management in Islamic Financial Instruments” covered the following areas:

• Types and of Characteristics Risks in Banking Operations
• Islamic Banking Principles and Economic/non-Economic Factors Leading to Risks
• Islamic Financial Services Board (IFSB) Guides on Risk Management in Islamic Financial Institutions
• Risk in Sharia Jurisprudence and Sharia Mechanism in Risk Management
• Risk Management in Islamic Banking Contracts
• Liquidity Risk in Islamic Banking
• Sharia Approaches on Liquidity Risk Management
• Sharia Techniques to Mitigate Liquidity Risk